Update on Publication of 2020 Annual Accounts

RNS Number : 8521A

Supply @ME Capital PLC

04 June 2021

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

04 June 2021

Supply@ME Capital plc

(The "Company" or "SYME")

Update on Publication of 2020 Statutory Audited Financial Statements

Further to the announcement made by the Company on 26 May 2021 relating to the acquisition of TradeFlow Capital Management Pte. Ltd.^[1] ("Tradeflow") and the expected publication date of SYME's 2020 Statutory Audited Financial Statements ("2020 Accounts"), the Company confirms that it will now publish its 2020 Accounts following completion of the funding facility with a group of new investors. This investment of fresh capital will support SYME's strategic developments, including the acquisition of TradeFlow.

The new funding is expected to be completed in the coming days and will be the subject of a separate announcement.

As a result, the Company's 2020 Annual General Meeting (AGM) is also being rescheduled in order to give shareholders the requisite Notice of Meeting. Details of the AGM will be announced with the publication of the 2020 Accounts.

Notes

Supply@ME enables businesses to generate cashflow, without incurring debt, by monetising their existing stock. Before a business has found an end-customer for its inventory, the Supply@ME platform enables them to sell ("monetise") their stock and receive cash immediately to boost their working capital. The Supply@ME service enables strong companies to improve their working capital cycle.  SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.

Contacts

Alessandro Zamboni, CEO, Supply@ME Capital plc, [e-mail]

Paul Vann, Walbrook PR Limited, [phone]; [e-mail]

Brian Norris, Cicero/AMO, [phone]

 

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[1] www.tradeflow.capital

 

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